×
162
Fashion Jobs
L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
Permanent · Bhopal
L'OREAL GROUP
Executive - Sales Cpd - Bhatinda (n)
Permanent · Bathinda
L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
Permanent · Bathinda
L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
Permanent · Chandigarh
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
CELEKT GADGETS LLP(A UNIT OF CELKON IMPLEX LTD).
Area Sales Manager / Executive (Male or Female)
Permanent · Adilabad(U)
ACME SERVICES
Sales & Marketing Manager For a Leading Apparel Company
Permanent · Mumbai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Bihar All District)
Permanent · Katihar
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Rajasthan) All District
Permanent · Kota
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttar Pradesh)
Permanent · Gorakhpur
KALPA ELECTRIKAL PVT. LTD
Hiring Assistant Production Manager- Transformers/ Switchgear Industry
Permanent · Bengaluru
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager - Delhi, Jodhpur & Kota
Permanent · Kota
MEDLEY PHARMACEUTICALS LTD
District Sales Manager - Calicut
Permanent · Kozhikode
CHOLAMANDALAM INVESTMENT & FINANCE
Area Sales Manager - Sme / Lap (Mumbai)
Permanent · Mumbai
CENTURY PLYBOARDS (I) LIMITED
Project Sales Manager
Permanent · Thiruvananthapuram
Published
Nov 20, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jabong revenue jumps 19 percent, losses down to Rs 179 crore

Published
Nov 20, 2019

​Flipkart-owned fashion platform Jabong witnessed a 19 percent jump in its revenue to Rs 205 crore ($8.6 million) for the financial year ended March 2019.
 

Jabong revenue jumps 19 percent, losses down to Rs 179 crore - Flipkart - Facebook


The company managed to narrow its losses to Rs 179 crore, as against Rs 188 crore it had reported in the previous financial year, according to documents sourced from the registrar of companies (RoC).
 
Jabong’s losses decreased, as it reduced its total expenses by 6 percent year-on-year to Rs417 crore. However, the company’s employee and finance expenses for the fiscal continued to soar rising 22 percent and 140 percent, respectively.

U.S.-based retailer Walmart, which owns Jabong, had stated that it took a $290 million (Rs 1,929.3 crore) non-cash impairment following its decision to merge Flipkart’s two online fashion businesses, Myntra and Jabong.
 
“Earlier this year, we decided to consolidate back-office functions for Myntra and Jabong to drive efficiencies. In going through that process, the team decided to focus on a single premium fashion platform, Myntra. Since there was value ascribed to the Jabong name at the time of the Flipkart acquisition, we are taking a non-cash impairment charge on the trade name” Walmart’s chief financial officer, Brett Briggs, Biggs had said in a statement during the third-quarter results.
 
The merger of Flipkart’s fashion arms Myntra and Jabong had led to massive layoffs with as many as 150 employees getting the axe, as part of the integration process.
 
Myntra-Jabong, along with its parent firm Flipkart, continue to dominate the online fashion market and comprises around 70 percent market share in the country.

Copyright © 2021 FashionNetwork.com All rights reserved.